Showing posts with label Brand Strategy. Show all posts
Showing posts with label Brand Strategy. Show all posts

Saturday, October 15, 2011

Why Branding Is Important For Non-Profits by Melvin Young - Lewis


Understanding The True Value of Branding For Corporations, Non Profits and Small Businesses


There has been lots of interest and conversation lately about nonprofit branding, and rightfully so.  In an evolving media landscape and global market where information overload and clutter are the norm, organizations are not being heard or even worse, their intended messages are not being heard correctly. Still today some nonprofits view branding as something big corporations do rather than it being an integral part of their mission. This is the furthest thing from the truth, especially in a saturated and competitive environment where nonprofits and charities are competing for donations, awareness and ways to proactively engage their audiences, advocates, volunteers and partners. It is most imperative that nonprofits (large or small) understand what branding is and how to apply and integrate an effective brand strategy across their organizations, programs and into their content strategy.

Definition Of A Brand

Let’s start with offering a definition of a brand.  “A brand communicates who you are, what you stand for, and the unique and meaningful benefits you deliver to your constituents.” The reality is that without a strong brand and consistent messaging it is harder to achieve anything else whether it is fundraising, telling your story, creating a signature event or cause-related marketing programs, lobbying before federal, state or local governments or mobilizing advocates and volunteers to serve as ambassadors for the brand. If there is one thing I have learned during my professional career in managing, launching and repositioning iconic brands in corporate America, nonprofits and with small businesses it is that if you have no brand strategy you are bound to create confusion for your business consumers (audiences) and your employees.

Misconceptions About Branding

The overwhelming misconception about branding is that it involves a logo and colors.  WRONG.  When organizations hand off a brand identity assignment without any real guidelines or creative brief, the result is invariably unprofessional and lacks continuity.  Logos are key elements of a brand programs, but the development of a brand strategy goes far beyond a logo and design elements.  Branding is all about creating expectations and delivering on that brand promise for your audiences.  A rewarding brand strategy delivers on your brand promise in a clear and relevant way that is easily understood by your audiences.

Social Currency Drives Brand Equity

Nonprofits have so much to say about their “social good” and their impact on communities, neighborhoods or individuals that it is important to get it right!  Taking cues from some corporations, nonprofits need to do better at identifying and leveraging emotional triggers that ignite favorable reactions and feelings about their brands.  In today’s market, a brand’s equity is determined by its “social currency” – people’s reaction to and interaction with your brand.  In a world of social media where perceptions of your brand or organization can be determined in a matter of seconds, how your brand shows up is more important than ever before.  How do nonprofits identify their brand triggers? First, start with conducting research or interviews from all constituents to determine your brand essence. Examples of those who have done a great job at leveraging key brand attributes and effectively communicating their brands’ value or social good to their constituents are DOVE, The Susan G. Komen Breast Cancer Foundation, St. Jude Children Research Hospital and MADD (Mothers Against Drunk Driving).  Although, no brand or organization is perfect, each of these organizations has invested the time and resources needed to create credible brands with unique positioning strategies that deliver on their mission. 

Authenticity Leads To Differentiation

Every organization’s success — revenue generated, increase in advocates and volunteers, program creation and expansion, and legislation passed on its behalf — is directly related to its ability to develop a authentic brand strategy that (1) differentiates the brand and organization, (2) expands reach beyond core base and (3) helps build and establish relationships with key audiences, influencers and constituents interested in its causes and programs.

A brand is only as good as its IDEA.  Although, the idea must be promoted, most importantly it should be compelling, simple and relevant to your target audiences. If a consumer has to think hard about “your message” then you have already started to create some resistance to your brand and receptivity to your messaging.


10 Must-Haves For An Effective Brand Strategy

1. Conduct market research.  It’s essential.

2. Understand who you are and what you stand for.

3.  Define your purpose – you can’t be all things to all people.

4.  Understand and leverage core competencies within competitive framework.

5.  Identify key brand attributes.

6.  Understand the value and equity of your design elements.

7.  Incorporate your essence into all communications. Reinforce what you stand for.

8.  Develop clear and concise messaging.

9.  Create marketing plan that incorporates all disciplines and leverages technology and new media.

10.  Always remain consistent.

So often nonprofits complain about a lack of receptivity to their message, a decline in donors or fundraising, and lack of advocacy and volunteer support.  These issues more than often can be linked to two things, (1) a lack of clarity with regard to what the organization does (purpose) and (2) inconsistency in its messaging and image.  For any nonprofit, corporation or small business, a cohesive brand strategy communicates a clear and concise message, authentically engages and interacts with audiences, and links together programs and services that deliver on brand promise.  A successful brand strategy develops a clear identity and creates brand loyalty. 

In summary, nonprofits (and companies) need to tell their stories. It is one of the most effective ways to establish a deeper meaning to your mission and emotionally connect audiences to what you do. Implementing a brand strategy offers your organization the opportunity to deepen its relationship with its audiences, establish credibility and  authentically position itself among the competition.  


If your organization is looking for expertise in developing a brand strategy or re-branding strategy, please contact Virtue Communications:

Email: mystrategyhouse@gmail.com.  
Twitter @Hollywood1906.

Friday, September 16, 2011

Do Your Research: Understand Your Brand and Business by Melvin Young - Lewis

I am still amazed at how many companies,organizations, small business and non profits do not have or lack individuals with the right skill set to develop comprehensive business and or strategic plans to help further grow and expand their business and brands domestically and globally.  I continue to witness a lack of strategic planning and understanding of HOW TO and WHY STRATEGY is a necessity , not an option.  It is the  #1 most important thing in helping a company and brand articulate it's strategic objectives and business goals. It is time out for piece milling and inserting someone who lacks the skill set and ability to define (1) key business planning elements  and (2) understand how to evaluate and assess key business drivers - both strategic and financial - across all disciplines to ensure that the company is maximizing it's spend and allocating the right mix of dollars against the most effective programs, market segments and growth opportunities.  Today's corporate and marketing executives cannot nor should they be allowed to operate in isolation.  We have to be quick, sharp and able to leverage a range of experiences and learnings to remain competitive and innovative in our approach to not only solving problems, but in building brands and companies.


The increased use of digital, social media and technology has surpassed the intellectual capabilities of most marketers.  Therefore, as a result most brands and companies are not maximizing nor understand how to effectively utilize the application and integration of these channels, communication platforms and resources to support strategic initiatives. There is not a template for developing the best strategy, however, there are some key fundamentals that we must first understand and apply when developing a plan.


Things You Must  Do, Know and Understand:


1.  Conduct a SWOT and Competitive Analysis.


SWOT Analysis to better understand the internal and external challenges and opportunities of your business (brand) - Strengths, Weakness, Opportunities and Threats.


Competitive Analysis will help you (1) understand how your brand or company may be perceived relatively to the competition, (2) provide insights on how to best differentiate your brand, product or company from the competition while (3) helping to establish or enhance your positioning in the industry and marketplace.

2.  Define and understand your target audience - psychographics, not just demographics!  Here is where you want to clearly understand their attitudes and behaviors about your brand, how they approach the category and purchasing behaviors; and, media habits and barriers.


3.  Media landscape:  Understand how your target audience uses and engages with new media, social media and traditional media to develop the most relevant and engaging advertising, media, marketing, communications and promotional plans.  I am sure based on my experience you will uncover, re-affirm and gather some new insights about your audience and key trends in your industry.  For example, understanding consumer touch points involved with social media is critical, however many pretend to know or think they know what's involved, but in reality they do not and most brands and companies end up getting the short end of the stick - - objectives are not defined or aligned to address business needs, therefore goals are not accomplished.  


4. What's your REAL Market Potential?  Conduct an analysis to determine your brand or company's real growth potential. This is most valuable in helping you to develop a projected forecast and in taking a deeper dive into how to maximize your market segments.  


5.  Develop realistic objectives and business goals based on audience needs and desires, market potential and opportunities.


This is just a start to help you think about strategy versus tactics. Once you are able to define your target audience, understand your audience needs and define real market potential and opportunities then you are now in a much better place to start developing an overarching strategy whether it is for a non-profit or for-profit.  This approach has been used in all of my experiences whether CPG, media, entertainment, digital, sports, travel, hospitality, automotive, fashion & beauty and with non profits to name a few.


Having a clear understanding of your Company, Brand and Target Audience is the first step to engaging all the right key stakeholders and partners.  You may also be required to invest in some primary research or conduct secondary research to help you better understand your brand and the competition, perceptions about your brand, key consumer and industry trends and to help you further define the profile of your desired target audience.  Once you are able to clearly define who you are and your target audience,  you can start to apply these findings and insights to developing a business plan, integrated marketing and communications plan, digital or social media strategy, brand strategy and or community outreach initiatives. 


In essence, protect your core base while gaining your fair share of the project market growth.  


Now Get To work! And Make The Most of Your Assets!


We want to hear your thoughts and your ideas, so please join in the conversation and let me know what you think.


Follow Melvin on twitter @Hollywood1906
Email: MyStrategyHouse@gmail.com